Steve Coogan and Carol Vorderman have publicly lent their support to the Liberal Democrats as the party conference kicks off with a call for electoral reform and tactical voting.
Statistics from the party said the Conservatives now have 56% of seats in the Commons, despite only receiving 44% of total vote share at the last election.
Lib Dem parliamentary representation in the Commons amounts to a mere 1.6%, even though they secured 11.6% of the vote.
The party has long called for the current “first past the post” system to be scrapped and be replaced with “proportional representation” – where the percentage of the votes a party gets across the country determines the number of MPs they send to parliament.
And now they have celebrity backing, with actor and comedian Mr Coogan using a video message played at a conference rally in Bournemouth to say the current electoral process “robs millions of people of their vote” and “millions of people’s voices go unheard”.
Image: Steve Coogan speaking to the Lib Dem conference
Ms Vorderman – best known for her time on Countdown – agreed with the need for change in her own video message to the gathering, saying: “We desperately need to end a system where only marginal seats matter, end a system which delivers parliaments that fail to accurately reflect votes cast and end a system where only the winner’s votes count.
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“It doesn’t deliver parliaments that properly reflect the will of the nation.”
But to be able to make that change, both stars called for the public to be tactical in how they used their votes when the next national ballot comes.
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Ms Vorderman said it was “absolutely vital that we come together to defeat the Tories”, adding tactical voting on a seat by seat basis was “the first step” towards change.
Image: Carol Vorderman addressing the Lib Dem conference
And while admitting he normally votes Labour and was not a member of the Lib Dems “despite the beard and the fleece”, Mr Coogan added: “Where I live in Lewes, the candidate best placed to kick the Tories out is the Lib Dem candidate, so I’ll vote for them.”
Speaking to Sky News in the run up to conference, Lib Dem MP Labour Moran said proportional representation would be “on the agenda” as the party “hasn’t lost its roots”.
But critics of the system say it could allow more fringe parties with extreme views to get seats in the Commons.
At the rally, Lib Dem leader Sir Ed Davey – who will appear on Sky News’ Sunday Morning with Trevor Phillips today – closed proceedings with the party’s giant clock, which it used to hammer home its message that “time’s up” Tories after its successful local election results in May.
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Sir Ed Davey celebrated in Windsor last May after his party snatched control of the local council from the Tories.
He told the gathered MPs, councillors and activists: “While the Conservatives have counted the last four years in fines for partying during COVID, in scandal upon scandal, in the prime ministers that have left in disgrace and the lettuces that outlast them, we actually have something to be proud of.
“We can count our four years with by-election victory after by-election victory, with making history with the size of the majorities we’ve overturned and with our stunning local election success. “
He added: “This government is living on borrowed time. We know it. They know it. And when they finally decide to call time on so many years of shambles and sleaze, the Liberal Democrats will be ready.”
Keep up to date with all of the news from the Lib Dem conference in Bournemouth on Sky News via both TV and online.
Sunday Morning with Trevor Phillips
Watch live each week on Sunday at 8:30am on Sky channel 501, Freeview 233, Virgin 602, the Sky News website and app or YouTube.
European Union regulators are reportedly mulling a $1 billion fine against Elon Musk’s X, taking into account revenue from his other ventures, including Tesla and SpaceX, according to The New York Times.
EU regulators allege that X has violated the Digital Services Act and will use a section of the act to calculate a fine based on revenue that includes other companies Musk controls, according to an April 3 report by the newspaper, which cited four people with knowledge of the plan.
Under the Digital Services Act, which came into law in October 2022 to police social media companies and “prevent illegal and harmful activities online,” companies can be fined up to 6% of global revenue for violations.
A spokesman for the European Commission, the bloc’s executive branch, declined to comment on this case to The New York Times but did say it would “continue to enforce our laws fairly and without discrimination toward all companies operating in the EU.”
In a statement, X’s Global Government Affairs team said that if the reports about the EU’s plans are accurate, it “represents an unprecedented act of political censorship and an attack on free speech.”
“X has gone above and beyond to comply with the EU’s Digital Services Act, and we will use every option at our disposal to defend our business, keep our users safe, and protect freedom of speech in Europe,” X’s global government affairs team said.
Along with the fine, the EU regulators could reportedly demand product changes at X, with the full scope of any penalties to be announced in the coming months.
Still, a settlement could be reached if the social media platform agrees to changes that satisfy regulators, according to the Times.
One of the officials who spoke to the Times also said that X is facing a second investigation alleging the platform’s approach to policing user-generated content has made it a hub of illegal hate speech and disinformation, which could result in more penalties.
X EU investigation ongoing since 2023
The EU investigation began in 2023. A preliminary ruling in July 2024 found X had violated the Digital Services Act by refusing to provide data to outside researchers, provide adequate transparency about advertisers, or verify the authenticity of users who have a verified account.
X responded to the ruling with hundreds of points of dispute, and Musk said at the time he was offered a deal, alleging that EU regulators told him if he secretly suppressed certain content, X would escape fines.
Thierry Breton, the former EU commissioner for internal market, said in a July 12 X post in 2024 that there was no secret deal and that X’s team had asked for the “Commission to explain the process for settlement and to clarify our concerns,” and its response was in line with “established regulatory procedures.”
Musk replied he was looking “forward to a very public battle in court so that the people of Europe can know the truth.”
US crypto exchange Coinbase has filed with the US Commodity Futures Trading Commission (CFTC) to launch futures contracts for Ripple’s XRP token.
“We’re excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify XRP futures — bringing a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets,” stated Coinbase Institutional on April 3.
The firm added that it anticipates the contract going live on April 21.
According to the certification filing, the XRP (XRP) futures contract will be a monthly cash-settled and margined contract trading under the symbol XRL.
The contract tracks XRP’s price and is settled in US dollars. Each contract represents 10,000 XRP, currently worth about $20,000 at $2 per token.
Contracts can be traded for the current month and two months ahead, and trading will be paused as a safety measure if spot XRP prices move more than 10% in an hour.
“The exchange has spoken with FCMs (Futures Commission Merchants) and market participants who support the decision to launch a XRP contract,” the firm stated.
Coinbase is not the first to launch XRP futures in the United States. In March, Chicago-based crypto exchange Bitnomial announced the launch of the “first-ever CFTC-regulated XRP futures in the US.”
XRP futures trading is available on many of the world’s leading centralized crypto exchanges, such as Binance, OKX, Bybit and BitMEX.
Funding rates remain negative
In late March, Cointelegraph reported that XRP derivatives’ funding rates had flipped negative as investor sentiment turned bearish.
Funding rates are periodic payments between traders in perpetual futures markets that help keep the futures price aligned with the spot price. Positive funding rates mean that long traders (buyers) pay short traders, while negative funding rates mean short traders (sellers) pay long traders.
When funding rates go negative, it means short traders are willing to pay a premium to maintain their positions, indicating strong conviction from bearish derivatives traders.
XRP funding rates remained negative on major derivatives exchanges as of April 4, according to CoinGlass.
Former Binance CEO Changpeng “CZ” Zhao will begin advising the Kyrgyz Republic on blockchain and crypto-related regulation and tech after signing a memorandum of understanding with the country’s foreign investment agency.
“I officially and unofficially advise a few governments on their crypto regulatory frameworks and blockchain solutions for gov efficiency, expanding blockchain to more than trading,” the crypto entrepreneur said in an April 3 X post, adding that he finds this work “extremely meaningful.”
His comments came in response to an earlier X post from Kyrgyzstan President Sadyr Zhaparov announcing that Kyrgyzstan’s National Investment Agency (NIA) had signed a memorandum with CZ to provide technical expertise and consulting services for the Central Asian country.
The NIA is responsible for promoting foreign investments and assisting international companies in identifying business opportunities within the country.
“This cooperation marks an important step towards strengthening technological infrastructure, implementing innovative solutions, and preparing highly qualified specialists in blockchain technologies, virtual asset management, and cybersecurity,” Zhaparov said.
The Kyrgyzstan president added: “such initiatives are crucial for the sustainable growth of the economy and the security of virtual assets, ultimately generating new opportunities for businesses and society as a whole.”
Kyrgyzstan, which officially changed its name from the Republic of Kyrgyzstan to the Kyrgyz Republic in 1993, is a mountainous, land-locked country.
Over 30% of Kyrgyzstan’s total energy supply comes from hydroelectric power plants, but only 10% of the country’s potential hydropower has been developed, according to a report by the International Energy Agency.
CZ has met with several other state officials in Asia
Malaysia also recently tapped CZ for guidance on crypto-related matters, with Prime Minister Anwar Ibrahim meeting him personally in January.
CZ has also met with officials in the UAE and Bitcoin-stacking country Bhutan — however, it isn’t clear what those meetings entailed.
Since being released, CZ has made investments in blockchain tech, artificial intelligence and biotechnology companies.
CZ also recently donated 1,000 BNB (BNB) — worth almost $600,000 — to support earthquake relief efforts in Thailand and Myanmar after the natural disaster in late April.